NIFTY Prediction for tomorrow 16th JAN 24

As we discussed yesterday, "it will reach 22100, and then it will face resistance there".
If we look at the chart data right now, It has touched 22100. also, right now, it's trading at the resistance trendline, which will provide resistance from here.
According to OI data, PCR = 1.51, which is super bullish. On the upside, there is no resistance. All levels have very low CE Writing. OI data shows it's very bullish right now. 22000 has HUGE PE writing, which will be providing very nice support.
The market is trading at the upper region of the channel. There are high chances of settling the market here.
I expect the market to go sideways. There is not much target left according to the price action.
Reasons:

1. Price> EMAs show bullishness in the market. But EMA(13) >> EMA(200), which indicates the market is stretched.
   
2. RSI = 80, which shows the market is overbought. Also, the RSI is showing a bearish divergence. That might lead to some correction in the market.
   
3. Price (22100) > > VWAP (21700) shows Price is not balanced with volume data. It might lead to correction for some points.
   
4. The Market is continuously making HH and HL. Shows very good strength of the trend. But it requires some consolidation here.
   
5. According to Extended Fib, retracement shows a 1.414 level as 22138, which is exactly at the resistance trendline.
   
6. According to OI data, there is too much PE writing today. There is very minimal CE writing at the upper level, 22100 is showing MAX PAIN.
   
7. Also FII and PRO shows bullishness in index option data.
   

Verdict:
Bullish might have some consolation at the resistance trendline.

Plan of Action:
Wait 15 min candle; make position according to levels marked at chart.